Royal Bank Of Canada Forecasts Strong Price Appreciation for LTC Properties (NYSE:LTC) Stock

LTC Properties (NYSE:LTC) had its price target hoisted by investment analysts at Royal Bank Of Canada from $38.00 to $41.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 12.05% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. Cantor Fitzgerald set a $36.00 target price on shares of LTC Properties in a research note on Monday, January 5th. Weiss Ratings raised shares of LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Finally, Wells Fargo & Company increased their price target on LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.20.

LTC Properties Stock Performance

Shares of LTC stock opened at $36.59 on Friday. The stock has a market capitalization of $1.78 billion, a PE ratio of 15.00 and a beta of 0.59. The business’s 50 day simple moving average is $37.97 and its 200 day simple moving average is $36.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 8.04 and a quick ratio of 8.04. LTC Properties has a one year low of $31.70 and a one year high of $40.80.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $1.41. LTC Properties had a net margin of 44.82% and a return on equity of 10.95%. The firm had revenue of $82.11 million during the quarter, compared to analyst estimates of $84.23 million. During the same quarter last year, the business earned $0.72 EPS. The company’s revenue was up 60.3% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS and its Q1 2026 guidance at 0.660-0.680 EPS. As a group, research analysts forecast that LTC Properties will post 2.79 earnings per share for the current year.

Insider Activity at LTC Properties

In related news, Director David L. Gruber acquired 7,000 shares of the stock in a transaction dated Thursday, March 5th. The stock was bought at an average price of $38.00 per share, for a total transaction of $266,000.00. Following the purchase, the director directly owned 36,931 shares of the company’s stock, valued at $1,403,378. The trade was a 23.39% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David M. Boitano bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average price of $34.44 per share, for a total transaction of $344,400.00. Following the transaction, the executive vice president directly owned 25,626 shares in the company, valued at $882,559.44. This trade represents a 64.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On LTC Properties

Several institutional investors have recently made changes to their positions in LTC. Rockefeller Capital Management L.P. boosted its position in shares of LTC Properties by 23.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,534 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 482 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of LTC Properties by 51.6% in the 4th quarter. Hsbc Holdings PLC now owns 92,088 shares of the real estate investment trust’s stock valued at $3,165,000 after buying an additional 31,361 shares during the period. CFO Capital Management LLC bought a new stake in LTC Properties in the 4th quarter valued at about $318,000. Virtu Financial LLC bought a new stake in LTC Properties in the 4th quarter valued at about $458,000. Finally, Invesco Ltd. raised its stake in LTC Properties by 0.4% during the 4th quarter. Invesco Ltd. now owns 217,954 shares of the real estate investment trust’s stock worth $7,493,000 after buying an additional 850 shares during the period. Institutional investors and hedge funds own 69.25% of the company’s stock.

LTC Properties Company Profile

LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that specializes in financing and investing in long-term health care properties. The company focuses on providing capital to operators of senior housing and health care facilities through sale-leaseback transactions, mortgage financings and structured finance arrangements. Its portfolio primarily comprises skilled nursing facilities, assisted living communities and memory care centers.

Since its founding in 1992, LTC Properties has built a diversified portfolio of properties located across the United States.